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Vastned Belgium (CHIX:VASTBB) Cyclically Adjusted PB Ratio : 0.50 (As of May. 20, 2024)


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What is Vastned Belgium Cyclically Adjusted PB Ratio?

As of today (2024-05-20), Vastned Belgium's current share price is €24.20. Vastned Belgium's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €47.93. Vastned Belgium's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for Vastned Belgium's Cyclically Adjusted PB Ratio or its related term are showing as below:

CHIX:VASTBb' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.37   Med: 0.56   Max: 0.98
Current: 0.5

During the past years, Vastned Belgium's highest Cyclically Adjusted PB Ratio was 0.98. The lowest was 0.37. And the median was 0.56.

CHIX:VASTBb's Cyclically Adjusted PB Ratio is ranked better than
70.45% of 494 companies
in the REITs industry
Industry Median: 0.765 vs CHIX:VASTBb: 0.50

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Vastned Belgium's adjusted book value per share data for the three months ended in Mar. 2024 was €46.501. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €47.93 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Vastned Belgium Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Vastned Belgium's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vastned Belgium Cyclically Adjusted PB Ratio Chart

Vastned Belgium Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.81 0.87 0.47 0.54 0.51

Vastned Belgium Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.51 0.53 0.48 0.47 0.50

Competitive Comparison of Vastned Belgium's Cyclically Adjusted PB Ratio

For the REIT - Retail subindustry, Vastned Belgium's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vastned Belgium's Cyclically Adjusted PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Vastned Belgium's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Vastned Belgium's Cyclically Adjusted PB Ratio falls into.



Vastned Belgium Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Vastned Belgium's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=24.20/47.93
=0.50

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vastned Belgium's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Vastned Belgium's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=46.501/130.5518*130.5518
=46.501

Current CPI (Mar. 2024) = 130.5518.

Vastned Belgium Quarterly Data

Book Value per Share CPI Adj_Book
201403 47.068 99.819 61.559
201406 45.056 99.482 59.128
201409 45.131 99.195 59.398
201412 47.809 99.086 62.991
201503 49.247 99.423 64.666
201506 47.277 100.107 61.655
201509 47.708 100.245 62.131
201512 48.143 100.572 62.494
201603 48.824 101.653 62.704
201606 47.166 102.267 60.211
201609 48.580 102.118 62.106
201612 49.676 102.614 63.201
201703 50.295 103.972 63.153
201706 51.308 103.902 64.468
201709 52.737 104.170 66.093
201712 54.053 104.804 67.332
201803 54.761 105.419 67.817
201806 52.682 106.063 64.846
201809 52.862 106.618 64.729
201812 52.858 107.252 64.341
201903 51.934 107.876 62.850
201906 49.701 107.896 60.137
201909 50.307 107.470 61.112
201912 50.858 108.065 61.441
202003 50.445 108.550 60.669
202006 46.203 108.540 55.573
202009 46.380 108.441 55.837
202012 46.280 108.511 55.681
202103 45.931 109.522 54.751
202106 44.158 110.305 52.264
202109 44.575 111.543 52.171
202112 45.036 114.705 51.258
202203 45.846 118.620 50.458
202206 44.457 120.948 47.987
202209 45.169 124.120 47.510
202212 45.689 126.578 47.124
202303 46.375 126.528 47.850
202306 44.859 125.973 46.489
202309 45.275 127.083 46.511
202403 46.501 130.552 46.501

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Vastned Belgium  (CHIX:VASTBb) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Vastned Belgium Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Vastned Belgium's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Vastned Belgium (CHIX:VASTBB) Business Description

Industry
Traded in Other Exchanges
Address
Generaal Lemanstraat 74, Berchem, BEL, 2600
Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.

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